TechFaith to Launch Sleek, 4G Smartphone for Mass Market

Jan 19, 2016, 06:30 ET from China TechFaith Wireless Technology Limited

BEIJING, Jan. 19, 2016 /PRNewswire/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") today announced it will launch a new 4G smartphone, branded the M2, to target higher volume, mass market opportunities. TechFaith plans to ship its sleek M2 in the first quarter of 2016.

TechFaith's M2 will be one of the slimmest IP68-certified smartphones on the market. The Android-based, M2 features a 5.0 inch HD LCD screen with 3rd generation Gorilla Glass, dual cameras, a quad core processor and a host of outdoor applications, including a barometer, compass, torch light and magnifying glass.

Mr. Deyou Dong, President and CEO of TechFaith, said, "We designed our latest smartphone, the M2, to give us a strong competitive offering to go after higher volume, mass market opportunities in both the Domestic China market and internationally. By leveraging our extensive R&D and design expertise and resources, we were able to build an appropriately priced 4G phone, with the thin profile and durability important to consumers today. This is one our first models developed specifically for higher volume, mass market opportunities, which have not historically been a primary focus of our development, marketing and sales resources. We will continue to work to adjust our roadmap to the constantly evolving markets we serve."

About TechFaith (NASDAQ: CNTF)

TechFaith (NASDAQ: CNTF) is a developer, owner and operator of commercial real estate properties across China as well as a China-based mobile solutions provider for the global mobile handsets market. TechFaith continues to maintain a team of professional engineers focused on the development of ruggedized smart devices for both its consumer and enterprise segments, although it started investing in the construction of buildings and facilities in 2009 as part of its growth and business diversification strategy, gradually shifting away from its traditional focus on the mobile solutions and handset markets. The Company currently focuses on developing office space that can serve as anchor bases in areas with developing economies, as it meets the needs of both established businesses and innovative start-up companies in China.  For more information, please visit www.techfaithwireless.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident," "outlook" and similar statements.  Among other things, the business outlook and strategic and operational plans of TechFaith and management quotations contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, among others, and in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

SOURCE China TechFaith Wireless Technology Limited



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